$ETH

# Summary of the Main Developments in Bitcoin

## Market Situation

Bitcoin is experiencing a consolidation around $108,849, after a slight drop from $110,000. The price is at a critical moment, with important support at $108,000 and resistance at $110,348, where numerous short position liquidation points are concentrated.

## Featured News

### Trump’s Bill Proposal

* Bitcoin's price is expected to rise by up to 40% in 7 days when President Trump signs a significant spending bill.

* The new tariff notifications that Trump announced for Friday are generating volatility in the market, potentially affecting Bitcoin as a safe-haven asset.

### Long-Term Holder Data

* Approximately 45% of the Bitcoin supply has not moved in at least 3 years, showing strong confidence from long-term investors.

* 30% of the supply has remained intact for 5 years, suggesting that many investors are waiting for higher prices before selling.

### Growth of Bitcoin Millionaires

* In the first half of 2025, the number of Bitcoin addresses with more than $1 million increased by 26,758.

* This is one of the strongest accumulation cycles since the bull market of 2021, which could signal a more robust market in the second half of the year.

## Technical Analysis

Analysts suggest that if Bitcoin maintains the $108,000 support, it could challenge $110,348 and potentially the liquidation zone around $112,000. However, if it falls below this support, it could retest the $106,000-$105,000 area.

For short-term trades, it is recommended to consider macroeconomic risks, focus on range trading, and properly manage positions.